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Singapore bank lending up 0.4% in June: MAS

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Bank lending in Singapore rose 0.4 per cent in June from the month before, preliminary data from the Monetary Authority of Singapore on Monday showed.

BANK lending in Singapore rose 0.4 per cent in June from the month before, preliminary data from the Monetary Authority of Singapore on Monday showed.

This was a shade stronger when compared with the 0.3 per cent growth in May 2017 from the month before. Loans through the domestic banking unit - which capture lending in all currencies but mainly reflect Singapore-dollar lending - stood at S$636 billion in June, up from S$633 billion in May.

From a year ago, bank lending in June was up 7.6 per cent. This compared with the 6.8 per cent year-on-year growth in May.

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